From 2003 to 2004, multispecialty practices overall were squeezed by cost increases that exceeded revenue gains, according to results of a recently released cost survey from the Medical Group Management Association.
From 2003 to 2004, multispecialty practices overall were squeezed by cost increases that exceeded revenue gains, according to results of a recently released cost survey from the Medical Group Management Association. Median total operating costs grew 1.3% (to $353,503) while total medical revenue dropped 0.7% (to $582,307). Multispecialty practices' margins grew only 1.7% to $236,021.
Hospital-owned multispecialty practices controlled costs better, while non-hospital-owned practices seem to be better revenue generators.
For single-specialty practices, median total medical revenue after operating costs per full-time-equivalent physician grew 5.6% to $387,341. All single-specialty practices' median total operating cost per physician increased a slight 0.9% to $374,211, while median total medical revenue dropped 0.8% to $739,574.
Professional liability coverage continues to increase at a consistent level for all specialties. Since 2003, every specialty except anesthesiology has seen professional liability costs per full-time-equivalent physician climb to between 13% and 19%, the survey showed.
Study finds disparities in management of mCSPC
April 17th 2024“These findings suggest that guideline recommended treatment intensification remains low for patients with mCSPC in both Medicare and the Veterans Health Administration, but especially for Black patients,” says Daniel J. George, MD.
Personalized therapeutic approaches in ccRCC remain challenging
April 15th 2024"As a kidney cancer community, we need to investigate these molecular subtypes prospectively in clinical trials to determine whether specific subtypes benefit from certain therapies or not," says David A. Braun, MD, PhD.